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South African Customers can now pay small businesses via WhatsApp

South African Customers can now pay small businesses via WhatsApp
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South African can Use WhatsApp to Pay SMEs - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and Reports

Image sourced from YoMZanzi Nedbank, Mastercard and Ukheshe have partnered to launch Money Message – a new payment platform that lets small businesses receive secure in-chat payments from their customers via WhatsApp. A first in South Africa, the solution is expected to enable merchants to send an invoice requesting payment from any customer seamlessly through WhatsApp. Their customers in turn can quickly settle payment directly from the platform. “The need for a diverse range of contactless payment methods is more important today than we could have possibly imagined, as we seek to rebuild the economy by giving businesses the ability to transact in a safe and secure way,” says Chipo Mushwana, Executive of Emerging Payments at Nedbank.

Women entrepreneurs are making progress in South Africa, but challenges persist – Mastercard Index

The Mastercard Index of Women Entrepreneurs demands innovative, gender-specific support for women throughout pandemic recovery Johannesburg, South Africa – 8 March 2021: While women entrepreneurs are making strides to overcome gender-related biases and advance their businesses in South Africa, they still face several structural and social obstacles, many of which have been exacerbated by the Covid-19 pandemic. This is according to the South African results of the latest Mastercard Index of Women Entrepreneurs Index (MIWE), announced on the side-lines of the annual 2021 FORBES WOMAN AFRICA Leading Women Summit presented by Mastercard. South Africa move up nine places (a 7.1 percent increase) from 2019 to rank 23

Lovers splash out on Valentine s Day spending

Feb 12, 2021 South Africans are splashing out more than ever before over Valentine’s Day – especially on memorable experiences and gifts that can be ordered online. The latest Mastercard Love Index examines spending habits and trends around Valentine’s Day by analysing Mastercard spending data across the Valentine periods (9 to 15 February in 2011, 2019 and 2020) from over 53 countries around the world. The amount that South Africans spend over the Valentine’s period has soared by 142% over the last decade, with sentimental shoppers purchasing almost 10-times (up 880%) the amount of gifts and experiences than they were in 2011. Online shopping has grown steadily and is at an all-time high – with a 683% increase in the number of online transactions in the Valentine’s Day period since 2011. Many will shop online for Valentine’s Day gifts this year, while some will show their love for local, purchasing bouquets and gifts from neighbourhood businesses.

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